During Tuesday’s trading session, gold markets originally rose but have since retraced their gains as it appears we have finally encountered strong resistance.
Written by: Winona Grant
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Tuesday’s gold markets have been relatively quiet in anticipation of the Jackson Hole meeting. Despite this, we are perched directly atop the support level.
Written by: Winona Grant
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On Monday, gold fell to a new multi-month low of about $1,787/oz, and the climb higher is anticipated to be challenging. Data from New York’s Empire State Manufacturing (-11.6 against f/c 17) and somewhat lower US Treasury rates helped strengthen gold prices yesterday.
Written by: Winona Grant
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